MW Holding GmbH and CAFS Invest GmbH, both of which are companies affiliated with the XXXLutz Group, have reached an agreement with the current owner (the successor from the restructuring of the Steinhoff Group) on the acquisition of Conforama Iberia (Spain and Portugal). Conforama Iberia's network of stores comprises 46 shops in Spain and 13 in Portugal. The planned takeover is subject to approval from the competition authorities.
Clemens Hasenauer: "We're delighted to have helped XXXLutz take this next step in its expansion. We were once again able to support a major Austrian company as lead counsel in an outbound transaction."
MW Holding and CAFS Invest were advised by a team at CERHA HEMPEL.